The Nepal Securities Board has shortened the IPO application period for Nepali workers abroad from 15 days to 4 working days. If shares remain unsold within this period, the sale will remain open for 15 more days from the reopening date.
The Nepal Securities Board has reduced the application period for Initial Public Offering (IPO) submissions by Nepali investors working abroad. Under the new regulation, foreign-employed Nepali investors must now apply within 4 working days.
According to the Securities Issuance and Allotment (Ninth Amendment) Directive 2082 implemented by the board, the application period, which was previously a minimum of 15 days, has now been limited to just 4 working days. However, if all shares are not sold within this shortened period, the remaining shares will remain available for subscription for 15 days from the date the sale reopens.
This change aims to streamline the IPO process for Nepali investors working overseas while ensuring shares are fully allocated.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
